Afghanistan's Largest ISP and O3b Networks Reach Multi-Million Dollar Agreement

JERSEY, December 11 (Market Watch)

O3b Networks, the developer of a new fiber-quality, satellite-based, global Internet backbone for telecommunications operators and Internet Service Providers, announced today that NEDA Telecommunications will deploy O3b Networks’ Quick Start service as part of a multi-year, multi-million dollar agreement. The agreement will provide low-latency, fiber quality, internet connectivity between Afghanistan and the global internet infrastructure.

O3b Networks, funded by Google Inc., Liberty Global, Inc. and HSBC Principal Investments, recently announced it will deploy the world’s first ultra-low-latency, Medium Earth Orbit (MEO), Ka-band, fiber-speed satellite network. The network is designed to improve Internet access for millions of consumers and businesses in emerging and developed markets, as well as selected vertical markets. Service activation and ground equipment is scheduled for late 2010.

"O3b Networks allows us to significantly enhance our ISP services," said Paul Shaw, CEO of NEDA. "With O3b's low-latency connection to the global internet, our customers will be able to fully utilize today’s web 2.0 applications. There is a substantial and continuously growing demand all across Afghanistan for Internet services. Throughout the world low latency access to the Internet at significantly lower costs is proving to be a key factor in economic and social development. We are proud to be a part of bringing the O3B service to Afghanistan, and helping Afghanistan to compete on an equal basis with the rest of the world."